12-12-2023 12:04 PM | Source: Accord Fintech
Shri Bajrang Alliance zooms on forming partnership with Nestle India

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Shri Bajrang Alliance is currently trading at Rs. 339.00, up by 44.05 points or 14.93% from its previous closing of Rs. 294.95 on the BSE.

The scrip opened at Rs. 325.00 and has touched a high and low of Rs. 349.45 and Rs. 320.00 respectively. So far 162201 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 349.45 on 12-Dec-2023 and a 52 week low of Rs. 131.20 on 15-Feb-2023.

Last one week high and low of the scrip stood at Rs. 349.45 and Rs. 215.00 respectively. The current market cap of the company is Rs. 308.70 crore.

The promoters holding in the company stood at 63.97%, while Non-Institutions held 36.03% stake in the company.

Shri Bajrang Alliance has formed strategic partnership as an approved Co-manufacturer with Nestle India for several food items. This strategic collaboration signifies a significant step forward in its commitment to enhancing operational capabilities, expanding product offerings and creating long-term value for its shareholders. The partnership with Nestle India, a renowned leader in the food and beverage industry, is expected to bring synergies that will benefit both companies and contribute to the growth of the food sector.

The Approved Co-Manufacturer status with Nestle India enables it to leverage their expertise, technological advancements and established market presence. This collaboration aligns with its strategic objectives to strengthen its position in the market and meet the evolving needs of its consumers. 

Shri Bajrang Alliance is formerly known as Shri Bajrang Alloys is engaged in the business of Iron, Steel and Ready to eat frozen foods